S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N S E N A T E
April 1, 2013
Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT authorizing the town of Stockport to transfer reserve funds to
the Water Fund for repayment of a loan from the Town Sewer #1 Fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding section 6-c or 6-g of the general municipal
law or any other provision to the contrary, the governing board of the
town of Stockport may authorize by resolution the transfer of $100,000
from the Capital Reserve Fund to the Water Fund for repayment of the
loan from the Town Sewer #1 Fund. The resolution authorized pursuant to
this section shall not be subject to referendum requirements of the
municipal home rule law.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.